With 0.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.44 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $4.5 whereas the lowest price it dropped to was $3.725. The 52-week range on TIXT shows that it touched its highest point at $11.51 and its lowest point at $2.83 during that stretch. It currently has a 1-year price target of $4.42. Beta for the stock currently stands at 0.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TIXT was up-trending over the past week, with a rise of 17.15%, but this was up by 16.23% over a month. Three-month performance surged to 40.06% while six-month performance fell -31.38%. The stock lost -32.73% in the past year, while it has lost -48.25% so far this year. A look at the trailing 12-month EPS for TIXT yields 0.07 with Next year EPS estimates of 0.40. For the next quarter, that number is -0.02. This implies an EPS growth rate of -54.09% for this year and -4.28% for next year. EPS is expected to decline by -9.26% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.23%.
Float and Shares Shorts:
At present, 107.00 million TIXT shares are outstanding with a float of 64.11 million shares on hand for trading. On 2024-10-15, short shares totaled 2.33 million, which was 85.00000000000001 higher than short shares on 1726185600. In addition to Mr. Michael Ringman as the firm’s Chief Information Officer, Ms. Marilyn Tyfting serves as its Chief Human Resources Officer.
Institutional Ownership:
Through their ownership of 0.44918 of TIXT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, TIXT reported revenue of $658000000.0 and operating income of $14000000.0. The EBITDA in the recently reported quarter was $95000000.0 and diluted EPS was -$0.12.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TIXT since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TIXT analysts setting a high price target of 20.86 and a low target of 5.19, the average target price over the next 12 months is 9.67. Based on these targets, TIXT could surge 369.82% to reach the target high and rise by 16.89% to reach the target low. Reaching the average price target will result in a growth of 117.79% from current levels.
Analysts have provided yearly estimates in a range of $0.43648 being high and $0.3968 being low. For TIXT, this leads to a yearly average estimate of $0.42656. The surprise factor in the prior quarter was $0.27. Based on analyst estimates, the high estimate for the next quarter is $0.24 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.16.
